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Financial Education Insights from Education First Federal Credit Union

Your key to financial education, lifestyle content and savvy money management.

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Cryptocurrency Coins

What you need to know about Cryptocurrency.

Cryptocurrency is a word that many know but fewer understand. Survey data shows that 98% of people do not have a basic understanding of what cryptocurrency is. With so much information online and so many terms and concepts, it can be challenging to understand what cryptocurrency is, how you get it, and if these coins are safe investments.

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Rising Interest Rates Effect on the Economy

Q: I've heard that the Fed plans to raise the interest rate this year. How will this impact the economy and the current inflation rates? A: The rising inflation rate, once determined to be a transitory and natural consequence of pandemic lockdowns, now appears to be here to stay, given that headlines announced a 7% increase in the consumer price...

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Sign that says scam alert in large letters

5 Popular Cash App Scams

Person-to-Person payments (P2P) have changed the way that people give and receive money. According to a Statista Global Consumer Survey in 2021, 42% of Americans had transferred money to friends or family using one of these services. But the same technology that makes our lives easier in many ways can also cause some major damage to your bank...

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Benefits of an Interest-Bearing Checking Account

What is an interest-bearing checking account? An interest-bearing checking account is a checking account that accrues interest/dividends at a set rate. Traditional checking accounts do not earn interest/dividends since they're designed to be used to hold funds for everyday expenses. Savings accounts do earn interest, but accessibility of funds is...

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6 Ways to Boost Your Credit Score

An excellent credit score is the ultimate goal of the financially responsible consumer. Those three magic digits tell a story of accountability, good financial sense, and the ability to spend mindfully. A great credit score also unlocks doors for large, affordable loans, employment opportunities, and more.

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Debt Consolidation Loan v. Balance Transfer

We're all looking for the least expensive way to pay down high interest credit card debt. There are several options to consider and if you have a decent credit score you'll have even more options available to you. Two of the most popular and effective methods are balance transfer credit cards and debt consolidation loans. Both can help you pay...

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